Your mother has recently inherited some money and wishes to invest it wisely. She has been...

 

Transcribed Image Text:

Your mother has recently inherited some money and wishes to invest it wisely. She has been on the web site and looked at some Annual accounts and has a number of questions which she wishes you to answer. i) The Auditor's report is addressed to the 'company's members'. Who are the 'company's members'? (1 mark) ii) Who are the other types of users of the annual accounts? (3 marks) i) For four of the user groups above in part ii), describe how and why they would use the information from an Annual Report and give examples of how they can be in conflict with the 'company's members'. (16 marks) Total 20 marks Your mother has recently inherited some money and wishes to invest it wisely. She has been on the web site and looked at some Annual accounts and has a number of questions which she wishes you to answer. i) The Auditor's report is addressed to the 'company's members'. Who are the 'company's members'? (1 mark) ii) Who are the other types of users of the annual accounts? (3 marks) i) For four of the user groups above in part ii), describe how and why they would use the information from an Annual Report and give examples of how they can be in conflict with the 'company's members'. (16 marks) Total 20 marks

Answer rating: 100% (QA)

SOLUTION 1 Company members are shareholders of the company Shareholders are the persons who shares companys capital in other words members are owners ... View the full answer